Mexican Peso Falls To 1-month Low As Trump Tweets Support For Border Wall

The dollar surged on Tuesday against the Mexican peso after President Donald Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. On Monday, Trump told a group of reporters that he would drop his demand that funding for the border wall be included in a funding bill that must be passed by the weekend to avert a government shutdown. Instead, he said, his administration will return to the issue in September.

Copyright © 2017 MarketWatch, Inc.

Continue Reading Below